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China Iron-Ore, Steel Futures Bounce -- Market Talk

14 Mar 2017 4:37 am

0437 GMT - China's iron-ore and steel futures rebound after recent weakness, cheered by positive economic data from the country today. Industrial-production growth accelerated to start 2017, coming as Chinese officials have expressed confidence that this year's economic growth may exceed the 6.5% target. Dalian iron-ore futures jump 3.6% to CNY658/ton and Shanghai steel gains 2.9% to CNY3,564. (biman.mukherji@wsj.com)
 

(END) Dow Jones Newswires

March 14, 2017 00:37 ET (04:37 GMT)

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